### **Title:**
**"Cryptocurrencies Under Fire: The Hacking and Fraud Epidemic of 2024"**
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### **Introduction:**
In 2024, the cryptocurrency industry faced an unprecedented surge in hacking attacks and fraudulent schemes, resulting in losses exceeding $3.01 billion. This data was reported by PeckShield, a leading cybersecurity firm. The report highlights verified cases of breaches, scams, and frauds that have become a significant threat to both users and exchanges.
The most high-profile incidents included attacks on the Japanese exchange DMM Bitcoin, the NFT platform PlayDapp, and the Indian marketplace WazirX, with damages reaching hundreds of millions of dollars. This wave of criminal activity underscores the urgent need to strengthen security measures in the cryptocurrency ecosystem.